The Centre, on Wednesday, issued guidelines on revised Foreign Direct Investment limit in industrial parks and credit information companies (CICs).

According to the guidelines issued by Department of Industrial Policy & Promotion, FDI up to 100 per cent would be allowed both for setting up and in established industrial parks under the automatic route.

The official note stated industrial parks would comprise minimum of 10 units with no single unit occupying more than 50 per cent of allocable area. The minimum percentage of the area to be allocated for industrial activity should not be less than 66 per cent of total allocable area.

The Centre also notified allowing FDI in credit information companies (CICs). FDI and FII would be allowed up to 49 per cent with prior approval of government and regulatory clearance from RBI.

Listed firms only

Investment by a registered FII would be permitted up to 24 per cent only in CICs listed at stock exchanges, within overall limit of 49 per cent for foreign investment, subject to conditions that no single entity should directly or indirectly hold more than 10 per cent equity. The government has also decided to delete “Credit Reference Agencies” from list of Non-Banking Financial Companies (NBFC) activities.

The Centre also issued a notification allowing 49 per cent foreign investments in commodity exchanges. As per the guidelines investment by registered foreign institutional investor (FII) under Portfolio Investment Scheme will be limited to 23 per cent, while that under FDI scheme will be limited to 26 per cent. No foreign investor or entity, including person acting in concert, will hold more than five per cent of the equity in these companies, it said.